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BlackBerry Announces New 3-yr Agreement With EnStream - Quick Facts

Canadian smartphone maker BlackBerry Ltd. (BBRY,BB.TO) Thursday announced a new three-year agreement with EnStream LP, a mobile payments joint venture owned by Canadian wireless carriers Bell, Rogers and TELUS, to provide a secure platform that supports transaction services between leading banks and consumers.

As per the agreement, EnStream will leverage BlackBerry's infrastructure to enable financial institutions, including Royal Bank of Canada, TD Bank Group, CIBC and Desjardins, and mobile operators to securely provision sensitive payment card credentials into any smartphone capable of near field communication.

Working with EnStream demonstrates BlackBerry's strategy to extend its core enterprise mobility technologies in new and emerging industries, the company said.

by RTT Staff Writer

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